Why did Kmart file for Chapter 11 bankruptcy?

On January 22, 2002, after months of struggling to pay the vendors and creditors that kept its then-2,114 stores stocked and running, Kmart filed for Chapter 11 bankruptcy protection. As of 2010, i...
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Top Q&A For: Why did Kmart file for Chapter 11 bankruptcy

How soon after filing a chapter 7 bankruptcy can you file a
chapter 13 bankruptcy?

The U.S. Bankruptcy Code allows debtors to file for bankruptcy multiple times, but has changed the number of years you must wait between filings. Previously, a debtor could file under either Chapt...
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Can you file Chapter 7 bankruptcy after filing a Chapter 13 six
months ago that was dismissed?

You can file bankruptcy at any time, even if you filed six months ago, according to Bankruptcy Law Network. If the courts discharge your debt, however, you must wait four years between a Chapter 7 ...
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Can a person file Chapter 13 while in a Chapter 7 bankruptcy
term?

You cannot file Chapter 13 while in a Chapter 7 bankruptcy term. Chapter 7 is known as "straight bankruptcy" and it gets rid of outstanding debts. However, if you file Chapter 13 bankruptcy, you ha...
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Can you file a Chapter 13 if you filed a Chapter 7 bankruptcy
two years ago?

A Chapter 13 bankruptcy filing allows the debtor to reorganize finances and create a schedule for paying back all or some of his debt. Chapter 13 cannot be filed if the debtor received a discharge ...
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